Camuto Acquisition Didn't Help DSW in Latest Quarter [The Motley Fool]
DSW (DSW)
Last dsw earnings: 3/19 07:00 am
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Source: The Motley Fool
Camuto Acquisition Didn't Help DSW in Latest Quarter The announcement that it's changing its name to Designer Brands couldn't mask the earnings shortfall DSW Inc. ( NYSE:DSW According to DSW management, because Camuto Group has such high selling, general, and administrative expenses, and won't be contributing much to its acquirer for at least a year, it will drag down the retailer's overall results for the rest of 09 and beyond. Image source: Getty Images. Falling far short of the mark Although its U.S. retail business continues to perform as well as ever, DSW reported a $0.07-per-share loss for the period that ended in early February, surprising analysts who had anticipated a profit of around $0.0 per share. Overall revenue rose % year over year to $8 million, but the company's adjusted loss of $. million was a far cry from Wall Street's expectations. Guidance was also weak, and not just for the current fiscal year (09), but through fiscal 0, when management forecasts earnings per sh
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